The surprising news came from the Vietnamese car manufacturer, VinFast. Their CEO, Michael Lohscheller, reportedly resigned for ‘personal reasons'. In fact, Lohscheller's career at VinFast has only just begun.
Lohscheller joined VinFast in July and was tasked with turning the Vietnamese brand into a “global smart electric car company.” Lohscheller has extensive experience in the automotive industry as he was executive vice president at the Volkswagen Group of America, prior to becoming CEO of Opel.
His next steps are still unclear, but he released a statement saying it was an “honor to serve VinFast and its people.”
He went on to wish the company all the best for the future and added that they are well on their way to becoming a “successful global electric [vehicle] brand.”
Lohscheller will be replaced by VinFast Vice Chairman Le Thi Thu Thuy. The company said he would be “responsible for overseeing VinFast's business activities in current markets” as well as “leading market survey activities and expansion into other potential markets globally.”
Thuy said he is “very excited” to be CEO and will help steer “VinFast towards success in international markets and winning the hearts of global consumers.” He went on to express his gratitude to Lohscheller and wish him all the best in the future.
It remains unclear whether the executive reshuffle will result in any changes to the company's plans, but VinFast is slated to introduce its A, B and C segment electric vehicles next month. It is not yet clear what model will be introduced but it is expected to be below the VF e36.